ES Sunlogy Berhad (“ES Sunlogy” or the “Company”), an established provider of mechanical and electrical (“M&E”) engineering services as well as generation and sale of renewable energy, is pleased to announce that Kerjaya Prospek Group Berhad (“Kerjaya Prospek”), through its wholly-owned subsidiary Acumen Marketing Sdn. Bhd. (“Acumen”), has subscribed for 70.0 million new ordinary shares at an issue price of RM0.2680 per share, representing a total investment of RM18.76 million pursuant to ES Sunlogy’s private placement exercise. The issue price represents a discount of approximately 9.9% to the five-day volume weighted average market price of ES Sunlogy’s shares of RM0.2976.
Following the subscription, Acumen will hold approximately 9.09% equity interest in ES Sunlogy’s enlarged issued share capital, marking Kerjaya Prospek’s entry as a strategic shareholder and reflecting its confidence in the Company’s long-term growth prospects across both its M&E engineering and renewable energy businesses.
The private placement marks another significant milestone in ES Sunlogy’s corporate growth journey following its listing on the ACE Market of Bursa Malaysia Securities Berhad on 20 February 2025. It reflects the confidence of an established Main Market-listed construction group in ES Sunlogy’s long-term business fundamentals, engineering capabilities and growth prospects across both its M&E engineering and renewable energy businesses.
Kerjaya Prospek, a well-established construction group with an extensive track record in delivering high-rise residential, commercial and mixed-use developments, cited ES Sunlogy’s proven expertise in electrical engineering services for electricity supply distribution systems, mechanical engineering services for building services, as well as its growing renewable energy business, as key factors supporting its investment. ES Sunlogy has built a strong reputation for delivering integrated engineering solutions across commercial, industrial, infrastructure and renewable energy developments, positioning the Company to benefit from continued expansion in both public and private sector investments that require reliable M&E engineering expertise.
In addition to its resilient M&E engineering business, ES Sunlogy’s renewable energy segment has emerged as a strategic growth pillar that complements its engineering capabilities while providing long-term recurring income. The Company has successfully achieved the Commercial Operation Date (“COD”) for its 20.76 MWac Large Scale Solar Photovoltaic (“LSSPV”) 4 project under the Junjong LSSPV Plant on 24 July 2023, followed by the COD of its 29.99 MWac Selarong Pertama Energy Sdn. Bhd. (“SPE”) solar photovoltaic plant under the Corporate Green Power Programme (“CGPP”) on 20 April 2026. Building on these operating renewable energy assets, ES Sunlogy intends to leverage its proven experience to pursue future opportunities under the Large Scale Solar (“LSS”) programme and other renewable energy initiatives introduced by the Malaysian Government.
Managing Director of ES Sunlogy, Mr. Khor Chuan Meng, commented, “We are honoured to welcome Kerjaya Prospek as a strategic shareholder in ES Sunlogy. Their investment represents a strong endorsement of our business model, execution capabilities and long-term growth strategy. As demand for high-quality M&E engineering solutions and renewable energy infrastructure continues to grow, we believe this investment further strengthens our corporate profile and positions us well to capture emerging opportunities in both sectors.”
He added, “Since our listing, we have continued to execute our growth plans through securing sizeable M&E engineering projects, expanding our renewable energy portfolio and strengthening our regional presence. With the support of our strategic shareholders and business partners, we remain committed to delivering sustainable value while contributing to Malaysia’s infrastructure development and energy transition agenda.”
Moving forward, ES Sunlogy remains committed to executing its growth strategy through disciplined project execution, strategic partnerships and continued expansion across both the M&E engineering and renewable energy sectors. The Company believes the entry of Kerjaya Prospek as a strategic shareholder further enhances its platform for long-term sustainable growth and value creation for shareholders.
